ERIK FEIG SIGNS NEW LONG-TERM AGREEMENT AS CO-PRESIDENT OF LIONSGATE MOTION PICTURE GROUP Shepherded Slate That Generated Over $2 Billion At The Worldwide Box Office For Two Years In a Row
SANTA MONICA, Calif., Feb. 25, 2014 /PRNewswire/ -- Motion picture executive Erik Feig has been promoted to Co-President of Lionsgate's Motion Picture Group and has signed a new long-term agreement, the Company announced today. He oversees all aspects of feature film development and production for the Company's Lionsgate and Summit film labels.
The Company's feature film slate generated more than $2.3 billion at the global box office in 2013, led by the second film of Lionsgate's blockbuster Hunger Games franchise, The Hunger Games: Catching Fire, the 10th highest-grossing film of all time at the domestic box office, and Summit's sleeper hit Now You See Me, which grossed more than $350 million worldwide.
"Erik has assembled a tremendous production slate over the past two years, and he will be a critical, innovative and disruptive part of our future as we continue to evolve as a next generation global content leader," said Lionsgate Chief Executive Officer Jon Feltheimer.
"Erik has established a phenomenal track record during his years at Summit and Lionsgate, distinguished by superb talent relationships and a critical eye for identifying, developing and producing a diverse portfolio of film franchises and other world-class branded properties," said Lionsgate Motion Picture Group Co-Chairmen Rob Friedman and Patrick Wachsberger. "He will continue to be an integral part of our motion picture management team as we build on our momentum in the future." Feig will continue to work with and report to Friedman and Wachsberger and will also work closely with Steve Beeks, with whom he shares the Co-President title, on the business operations of the Motion Picture Group. Beeks also continues as Co-COO of Lionsgate.
"It has been a thrilling ride since Lionsgate first acquired Summit just over two years ago, and I have loved every minute of it," said Feig. "I look forward to continuing the adventure with the most dynamic and visionary company around, led by Jon Feltheimer and Michael Burns, as well as continuing to work closely with my mentors, Rob Friedman and Patrick Wachsberger, and the rest of our exceptionally talented team."
Feig joined Lionsgate when the Company acquired Summit Entertainment in January 2012, where he headed production and was a partner for 11 years in Summit's evolution into a worldwide motion picture studio. He has shepherded or produced films that have collectively grossed over $8 billion at the worldwide box office, including The Hunger Games: Catching Fire, the blockbuster Twilight Saga franchise, which grossed more than $3.3 billion at the global box office, the worldwide smash Now You See Me, the action comedy hit Red, Warm Bodies, The Perks of Being A Wallflower, Mr. & Mrs. Smith, the Step Up franchise and the 2010 Academy Award winner for Best Picture The Hurt Locker.
The Company's upcoming feature film slate includes the highly-anticipated action adventure Divergent, the next two installments of The Hunger Games franchise, The Hunger Games: Mockingjay Parts I & II, the epic re-envisioning of mythical ancient Egypt, The Gods of Egypt, and the action comedy Mortdecai, starring Johnny Depp, Gwyneth Paltrow and Ewan MacGregor.
Lionsgate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. Lionsgate currently has 34 television shows on 22 networks spanning its primetime production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning Mad Men and Nurse Jackie, the comedy Anger Management, the network series Nashville, the syndication success The Wendy Williams Show and the critically-acclaimed series Orange is the New Black.
Its feature film business has been fueled by such recent successes as the blockbuster first two installments of The Hunger Games franchise, The Hunger Games and The Hunger Games: Catching Fire, A Madea Christmas, Now You See Me, Kevin Hart: Let Me Explain, Warm Bodies, The Expendables 2, The Possession, Sinister, Roadside Attractions' Mud and Pantelion Films' breakout hit Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S.
Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 15,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world.
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Peter D. Wilkes